Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Snap Inc reported first quarter of 2026 results: revenue $1.529 billion.
- Period
- first quarter of 2026
- Revenue
- $1.529 billion
- Result
- preliminary results
Exact text from the filing
we posted an Investor Update presentation to our Investor Relations website at investor.snap.com, which includes, among other things, updated financial outlook information for the first quarter of 2026. In the presentation, we disclosed estimated total revenue of approximately $1.529 billion, representing 12% growth year-over-year, and estimated adjusted EBITDA of approximately $233 million, in each case for the first quarter of 2026.
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
Snap Inc announced a restructuring with charges of $95 million to $130 million (approximately 16% of our global full-time employees).
- Type
- restructuring
- Charge
- $95 million to $130 million
- Headcount
- approximately 16% of our global full-time employees
Exact text from the filing
increased operational efficiencies to accelerate our path toward net-income profitability. As a result, we currently estimate that we will incur pre-tax charges in the range of $95 million to $130 million, primarily consisting of severance and related costs, contract termination costs, and other impairment charges, of which $75 million to $100 million are expected
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